Credo Technology Surges to 91st in Trading Volume with 7.79 Billion Turnover

On June 18, 2025, Credo Technology (CRDO) saw a significant surge in trading volume, with a total turnover of 7.79 billion, marking a 48.03% increase from the previous day. This surge placed Credo at the 91st position in terms of trading volume for the day. The stock price of Credo Technology rose by 7.36%, marking its third consecutive day of gains, with a cumulative increase of 16.45% over the past three days.

Credo Technology Holding's stock reached an unprecedented high of 86.72 USD, reflecting the company's remarkable growth trajectory. The company specializes in building high-speed connections for the internet's backbone, focusing on data centers, AI systems, and cloud computing. This niche positions Credo as a key player in enabling efficient and rapid data transfer, which is crucial for various high-tech applications, including large language models, video streaming, and cloud services.

Credo's products, such as Active Electrical Cables (AECs) and Digital Signal Processors (DSPs), are essential for power-hungry AI data centers operated by major tech companies like Amazon, Nvidia, Advanced Micro Devices, and Tesla. The demand for data centers, driven by the rapid growth in cloud computing, AI, and Bitcoin mining, is expected to more than double over the next five years. This trend bodes well for Credo, as it supplies the necessary components for these data centers, positioning it for robust earnings growth.

Credo Technology Group has shown a consistent ability to exceed earnings expectations, delivering results that were 27% above average over the past four quarters. This performance, coupled with its strategic positioning in the high-speed connectivity market, makes Credo a compelling investment opportunity. The company's stock has gained 171% over the past year, significantly outperforming the S&P 500's 9% gains during the same period.